’Sledgehammer’: Interest rate rise slammed
The interest rate rise is expected to make a “crisis” even worse, with warnings the “blunt” move will cause “tough times” for millions of Australians.
The interest rate rise is expected to make a “crisis” even worse, with warnings the “blunt” move will cause “tough times” for millions of Australians.
It’s not just homeowners who are set to have a world of pain unleashed on them with disturbing new research revealing trouble ahead.
A construction company has been ordered into court liquidation with up to 19 families impacted – after the owner declared personal bankruptcy owing up to $976,000.
Angry customers said they had spent hundreds of dollars on orders months ago that still haven’t shown up.
A fintech – backed by one of Australia’s biggest banks which has had big names stars spruik it – recorded its biggest annual loss yet has hiked its CEO pay by 35 per cent.
The beauty entrepreneur already saw the value of her share in her skincare brand drop by $30 million and now it’s suffered a further blow.
One of the major banks is predicting house prices are set to fall a further 8 per cent this year, yet both homeowners and buyers have been dealt a further blow.
It sells some of the country’s best known brands but is now facing court action for alleged false and misleading conduct.
Some of Australia’s best known fashion chains underpaid more than 7000 employees over six years and now have to return millions.
Australia’s best-known companies have reported billions in profits recently, with the brutal truth that their excessive price rises are “crushing” people.
Original URL: https://www.news.com.au/the-team/sarah-sharples/page/29